Timberlane's October First-Time Homebuyer Report

Timberlane is the 10th-fastest growing city in Illinois, at a 10-year growth rate of 151.3%. It currently ranks 728th in terms of population with 934 residents. Timberlane is made up of homes that are relatively new with a median of 15 years. Leading the list of best schools in the city are Manchester Elementary School and Belvidere Central Middle School.

Price Range

The median value of homes in Timberlane is $152,600, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $264,341. Over the last 30 days, the Timberlane market was solid with two homes sold, a 100.0% increase from last week's report.

Make sure you take a look at these eye-catching homes in Timberlane that generated the most views from potential buyers:

$275K   $159K   $415K  

Typical Dwelling

A four-bedroom detached home valued around $294,567 is considered a typical dwelling in Timberlane. If a buyer was looking for a similar home, they would need good credit and a $58,913 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,266 and the property tax rate is $18.89 per $1,000 of taxable assessed value.

Get started right now by checking out Timberlane homes for sale or reviewing Timberlane real estate trends.


Data reported through 10/13/2016

Comments:


©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.